A123 Systems fka AONEQ

[protagonist12]

Is there any more up to date info than this??? "A123 listed assets of $459.8 million and debt of $376 million as of Aug. 31 in its Chapter 11 petition."

The company has stated it burns through cash at $25 million a month right? Okay so that's $376 million + $25 million (Sept.) + $25 million (Oct.) + $25 (Nov.) + $50 million (DIP) + who knows how much in litigation fees + KEIP payments + any other things I forgot to mention. So that's 500 million in liabilities, and probably closer to 600 million after these variables get factored in. Also, isn't possible that if a foreign company wins the bidding war, they would tack on an extra $119 million for the federal grant money that A123 already burned through in order to repay American taxpayers as "goodwill"? Hey it could happen. You don't what the stipulations will be for a foreign company. Assuming that happens: we need now a bid of $720 million to give value to shareholders!

CFIUS still needs to approve Wanxiang and any other foreign company for that matter (all the heavy hitters in this auction). Nobody ever mentions that, but Siemans/NEC/etc. would all need approval and this could further delay the proceedings and cost A123 more! All of these scenarios assume that the company gets bought in whole. If the company goes in pieces it might further reduce value to shareholders.